Hello,

I need to identify accrued expenses on my balance sheet for 20x2.

The accrued expenses for 20x1 are $2,210,000.

On my intermediate budget and schedules for 20x2, my SG&A expense budget is as follows:

• Utilities, maintenance, & facilities = $850,000
• Salaries = $9,000,000
• Depreciation = $2,432,000
• Marketing = $31,875,000
• Bad debt expense = $31,875,000
• Sales commission = $9,562,500
• Warranties = $9,652,500
• Shipping = $3,187,500
• Insurance = $6,712,500

Cash payments for 20x2 are in the image table.

Cash Budget Beginning cash balance $48,230,500 Add cash receipts Collections from customers $282,393,500 Collections from investments $5,849,490 Total cash available $336,473,490 Deduct disbursements Cash payments for inventory $220,187,500 Utilities, maintenance, and facilities $850,000 Executive and administrative salaries $9,000,000 Marketing and promotions $31,875,000 Sales commissions $9,562,500 Warranties $2,764,000 Shipping and handling costs $3,187,500 Insurance $6,712,500 Accrued expenses and other $3,558,000 Long-term debt $3,500,000 Dividends $0.00 Income tax $0.00 Total cash payments $291,197,000 Budgeted ending cash balance $45,276,490